A recent Reuters report said US officials are in urgent talks to bail out embattled First Republic Bank. It is not yet clear whether the US government will bail out the lender, but the talks have boosted the bank's management.
Patel added that support for Bitcoin should be at $29,250 and resistance at $29,800.
"The next FOMC meeting, scheduled for the first week of May, will be under the scrutiny of the crypto community. Any decision to raise rates could have an immediate impact on the cryptocurrency market," said Shivam Thakral, CEO of cryptocurrency exchange BuyUcoin.
"Franklin Templeton, the manager of $1.4 trillion in assets, announced on Wednesday that his US government financial fund, OnChain, is backed by Polygon Network, which gives investors access to the Ethereum blockchain. The company says that integrating blockchain technology into its system will bring operational efficiencies features such as increased security, faster transaction processing and lower costs," CoinDCX said in a release.
"Google Cloud has partnered with Polygon Labs to build, launch and scale Web3 products and decentralized applications (dapps) on the Ethereum-based blockchain," said Part Chaturvedi, head of the crypto ecosystem at cryptocurrency exchange Coinswitch. .
First publication: April 28, 2023 | 16:42 ist